Other DebtExpired
IDI Line of Credit
BMNR-LOC
$22.79▲ 4.16%
BTC Holdings
200 BTC
Total Debt
$0.00
Leverage
0.0%
mNAV
763.17x
Outstanding
$0.00
Issue date
2022-10-19
Principal
$2.30M
Coupon
12.00%
Maturity
2024-12-01
Conversion price
—
- Related-party facility with IDI, controlled by CEO Jonathan Bates and CFO Raymond Mow
- Original max $1M (Oct 2022), amended to $1.75M, then $2.3M (Nov 2024)
- Extinguished during FY2025 with $289K loss on extinguishment
Terms & Documentation
Terms
- BTC strategy
- No
- Facility type
- Revolving
- Payment frequency
- None (zero coupon)
- Rate type
- Fixed
Outstanding History
Outstanding history(3)
| As of | Event | Outstanding |
|---|---|---|
| 2025-08-31 | Repayment | $0.00 Extinguished during FY2025 with $289K loss on extinguishment |
| 2024-11-04 | Draw | $2.00M Estimated: $1.75M prior balance + $250K new draw per LOC amendment |
| 2022-10-19 | Issuance | $2.30M |
- 2025-08-31 — $0Loans Payable
- 2024-11-04 — $2,000,000Item 1.01
- 2022-10-19 — $2,300,000